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Morgan Stanley

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  • FRANKFURT, June 30- The world's top banks and insurers are seeing their business models challenged by "fintech" start-ups, which are reshaping what consumers and businesses expect from financial services, industry insiders and experts say. A report out Tuesday from the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of...

  • The report by the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of world leaders each January, says major disruptions are in store for many once highly profitable financial services businesses. Exemplifying the trend, UK regulators last week granted a banking license to Atom, a "branch-free, paper-free" institution...

  • NEW YORK/ LONDON, June 29- Mergers and acquisitions worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share. These include Royal Dutch Shell Plc's $70 billion acquisition of British rival BG Group Plc, cable...

  • LONDON/ HONG KONG, June 30- Money raised in global equity capital markets rose in the first half of the year to top $500 billion, but bankers' fees fell as secondary share sales supplanted lucrative stock market listings as the dominant deals. Initial public offerings had reigned supreme in the first half of last year, but they dropped by 18 percent to $96.8 billion...

  • *Yen sharply higher after Greece fails to reach deal, sets vote. LONDON, June 29- The euro came off its lows on Monday as the Swiss National Bank said it intervened in the market to weaken the franc, with the single currency little changed on the day after initial steep losses on concerns that Greece was on the brink of default. Greece looks virtually certain to miss a...

  • *Greece forced to move after ECB freezes funding lifeline. ATHENS, June 28- Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight. After bailout talks between the leftwing government and foreign lenders broke...

  • June 28- U.S. equity futures dropped sharply and bond futures rallied at the beginning of trading Sunday, as the chances that Greece will default on its debt and exit the euro zone grew. Greece will introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country's bailout and savers queued to withdraw...

  • LONDON, June 28- Global financial markets are braced for a wave of contagion from Greece on Monday, with expected heavy losses for southern European government bonds and regional stock markets as investors scramble to discount a possible "Grexit" that most had still assumed was unlikely as late as Friday afternoon. "That is going to have a real big impact on...

  • LONDON, June 28- European markets are braced for a wave of contagion from Greece on Monday, with heavy losses for southern European government bonds and regional stock markets expected as investors scramble to discount a possible "Grexit" that most had still assumed was unlikely as late as Friday afternoon. Without new bailout funds, Athens is due to miss a 1.6...

  • *WPP's Sorrell says trading tough this year. In separate interviews on Friday, Martin Sorrell of WPP and Maurice Levy of Publicis sounded cautious about the prospects for the advertising market, citing a lack of vibrancy in the U.S economy, weakness in Brazil, Russia and China, and Europe's continued fragility. For his part, Sorrell said that the major companies...

  • Jiang Chao, strategist at Haitong Securities, said that based on meetings with fund managers over the past week, he believed that institutions were "collectively at a loss" over the direction of the stock market. Any crash would have major implications on Beijing's push to open up its financial markets, most imminently a plan to link the Hong Kong exchange with...

  • AMSTERDAM, June 26- ABN Amro will help lead manage its own initial public offering, the Dutch government agency tasked with overseeing the deal said on Friday. ABN Amro's fee will be no more than the lowest fee agreed with another bank performing the same job, it said. It granted ABN Amro the right to appoint one of the investment banks that will help lead the offering.

  • SHANGHAI, June 26- China stocks on Friday posted some of their worst losses in seven years, as investors stampeded out of a market amid increasing signs the country's eight-month-long bull run is running out of fuel. Stocks fell across the board, with nearly 2,000 of the roughly 2,800 listed companies in Shanghai and Shenzhen slumping by their 10 percent daily...

  • SHANGHAI, June 26- China stocks tumbled more than 4 percent on Friday as spooked investors dumped shares as regulators cracked down on risky margin trading and on mounting uncertainty over the direction of Beijing's monetary policy. The plunge in mainland shares for a second straight day also weighed on the Hong Kong market, which was already under pressure...

  • June 25- Micron Technology Inc reported lower-than-expected quarterly revenue and profit, hurt by a fall in prices and lower demand for its chips used in personal computers, sending its shares down 7.8 percent in after-market trading. Morgan Stanley analysts said last week a sharp rebound they expected in Micron's earnings was delayed at least until the...

  • Solar energy company Sunrun files for IPO Thursday, 25 Jun 2015 | 2:33 PM ET

    Credit Suisse, Goldman Sachs& Co and Morgan Stanley were among the underwriters for the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus. Another clean energy company SolarCity Corp, backed by Tesla Motors Inc founder Elon Musk, has seen its shares rise more than seven-fold since their debut in 2012..

  • How to play the back half of 2015: Chief strategist Wednesday, 24 Jun 2015 | 12:05 PM ET
    Traders on the floor of the New York Stock Exchange.

    Financials could see further upside, but beware of biotechs, Morgan Stanley's Adam Parker tells CNBC.

  • "We now see little prospect of a sustainable nickel price or stainless stocking upturn ahead of the July/August holiday period," Citi said. But it is also symptomatic of a reassessment of the bullish supply story that has been bubbling away in the nickel market since Indonesia banned nickel ore exports at the start of 2014, at a stroke cutting the raw materials...

  • Pisani: Bank rally may have more room to run Tuesday, 23 Jun 2015 | 4:16 PM ET
    Traders on the floor of the New York Stock Exchange.

    It may be a lackluster trading day, but once again banks are rallying to new highs.

  • *Sterling's gains could see BoE toe a less hawkish bias. LONDON, June 23- A surge in sterling on robust British economic data and safe-haven demand due to Greece has raised questions over whether the Bank of England will begin lifting interest rates as quickly as some anticipate. The pound touched a seven-year high on a trade-weighted basis on Tuesday, bolstered...